Tds on fd interest
This query is : Resolved
16 July 2013
Sir,
Suppose I have 3 FDs in SBI and the interest during the year are 3780, 5750 and 4560 i.e 14090. Can bank deducted TDS on FDs Interest.
If i invested the amt in other branches of SBI or other banks, then what will be happen.?
Suppose I have 3 FDs in SBI and the interest during the year are 3780, 5750 and 4560 i.e 14090. Can bank deducted TDS on FDs Interest.
If i invested the amt in other branches of SBI or other banks, then what will be happen.?
16 July 2013
if all are in your name and if int for the year exceeds 10,000 whether in total or singly the bank will deduct tds.
16 July 2013
Yes TDS will be deducted from you u/s 194A since the threshold limit of RS 10000/- is crossed.
Rate of TDS: 10% (In case you do not furnish your PAN bank will deduct TDS @20%.)
Rate of TDS: 10% (In case you do not furnish your PAN bank will deduct TDS @20%.)
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